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melissa: taxes on everybody. looking on the screen. every single tax bracket there. >> i know. aside from income tax he also proposing rolling back the dividend income tax, carried interest deduction. capital gains. all these things that predominantly wealthier americans benefit from. so you end up having to saddle, and so when you, when mitt romney talks about closing loopholes we need which loopholes those are. president's one good zinger, mitt romney you're talk about all these different things. when will you give us deductions you will close. what loopholes? are they too good you're keeping them secret because they're too good for us to hear. melissa: i'm glad you found something you liked about the debate. thanks for coming on. we appreciate it. >> thanks, melissa, i appreciate it. melissa: hear is the question of the day, what was your favorite moment from last night's debate. facebook.com/melissafrancisfox. follow me on twitter at melissaafrancis. gas stations in the los angeles area are shutting down over supply shortages. will the pumps near you be next? >> u.s. sancti
melissa: taxes on everybody. looking on the screen. every single tax bracket there. >> i know. aside from income tax he also proposing rolling back the dividend income tax, carried interest deduction. capital gains. all these things that predominantly wealthier americans benefit from. so you end up having to saddle, and so when you, when mitt romney talks about closing loopholes we need which loopholes those are. president's one good zinger, mitt romney you're talk about all these...
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Oct 4, 2012
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this is a tax in itself -- the economy tax. gasoline prices have doubled under the president, electric rates are up, food prices are up, health-care costs have gone up by $2,500 per family. the question is how to get them going again. it is energy and trade. the right kind of training programs. the president mentioned those ideas. education. it is key. it is the future of our economy. we have 47 training programs. they are reporting to eight agencies. we have to get those dollars back to the states and to the workers so they can create pathways into training they need for jobs that will help them. taxation. we should bring the tax rates down. for corporations and individuals. for us not to lose revenue, i lowered deductions and credits and intentions so we keep taking in the same money when you account for growth. energy is critical. the president pointed out that production of oil and gas in the u.s. is up but not due to his policies -- in spite of his policies. all of the increase in natural gas and oil has happened on privat
this is a tax in itself -- the economy tax. gasoline prices have doubled under the president, electric rates are up, food prices are up, health-care costs have gone up by $2,500 per family. the question is how to get them going again. it is energy and trade. the right kind of training programs. the president mentioned those ideas. education. it is key. it is the future of our economy. we have 47 training programs. they are reporting to eight agencies. we have to get those dollars back to the...
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Oct 5, 2012
10/12
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will start to react -- possible the the markets will react if we start to see sequestration, the bush tax cuts, the debt limit, all of these things that go to make up the fiscal cliff, i think there is a realization about the damage it could do to america's economy. it may force section on the part of the congress and the president -- force action on the part of the congress and the president. this is the most clear campaign i have observed. i still believe there is going to be a strong motivation of us, for a variety of motivations, maybe not all good or all bad, to try to resolve this issue for the sake of the country. maybe i am digging for the pony, but i believe that that has got to happen. there is ample pressure. i will say that this majority leader acted in a very bipartisan fashion quite often, and quite often in a partisan fashion, but there is precedent for it, all the way back to ronald reagan and tip o'neill when social security was going to go broke. it is not as if it has never happened before. it has to happen. >> do you think ronald reagan could be nominated as a republic
will start to react -- possible the the markets will react if we start to see sequestration, the bush tax cuts, the debt limit, all of these things that go to make up the fiscal cliff, i think there is a realization about the damage it could do to america's economy. it may force section on the part of the congress and the president -- force action on the part of the congress and the president. this is the most clear campaign i have observed. i still believe there is going to be a strong...
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Oct 7, 2012
10/12
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. >> you have to pay taxes for the rest of your life. >> liberals are more likely to watch law and order. >> tonight, pbs will not be the worst think on television. >> what difference does that make. >> if you wanted to reach an independent swing woman voter by the house and garden channel, if you want to reach a republican leaning law bu less likely to vote swing manning guy the golf channel. >> he did research on blacks who might vote for bush and many are christians that watch these tv preachers. >> now in the name of jesus, i command this debt out of my life. >> so he placed advertisements there. >> in ohio, bush got 8% of the african-american voted. in 2004 he got 16%. because we were able to identify their history was overwhelmingly democratic we had clues they might be reachable. >> this year they want to reach not just swing voters but swing voters in these ten states. >> you take a map of the united states and you just cross them out. we can't win here. >> john: for most of us really don't count. we live in the wrong state. i live in new york. my state votes will go to obama. if
. >> you have to pay taxes for the rest of your life. >> liberals are more likely to watch law and order. >> tonight, pbs will not be the worst think on television. >> what difference does that make. >> if you wanted to reach an independent swing woman voter by the house and garden channel, if you want to reach a republican leaning law bu less likely to vote swing manning guy the golf channel. >> he did research on blacks who might vote for bush and many are...
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Oct 2, 2012
10/12
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thirty, 50 percent of all the nation's income goes away in taxes. you can affected. most people are rational lot to do anything about it. so it doesn't matter to people because they can't affect things. our broad effort overcomes that, so it does become rational to pay attention to what happens in congress. more casual way, compare the quality of information that you get in different sections of the newspaper. go to the weather page. you get charts and data and graphs that people turn to everyday. tells them something immediate about their lives. if you go to the financial pages the good data and charts and graphs that tell them about their investments in ways that are immediately accessible. you go to the sports page and it brilliantly intricate data about sports i care nothing about but evidently somebody does. nbc the quality of data available in an ordinary newspaper. then you turn to the national section of the newspaper and give republicans getting for a fight. senators also is a real go getter. that is not information people can use in the way that they can th
thirty, 50 percent of all the nation's income goes away in taxes. you can affected. most people are rational lot to do anything about it. so it doesn't matter to people because they can't affect things. our broad effort overcomes that, so it does become rational to pay attention to what happens in congress. more casual way, compare the quality of information that you get in different sections of the newspaper. go to the weather page. you get charts and data and graphs that people turn to...
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Oct 4, 2012
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federal income tax federal payroll tax state income tax state sales tax state property tax, gasoline tax. it added up to well over 50% of what they earned. and your plan is to take the tax rate on successful sphauz small businesses from 35% to 40%. the national federation of independent businesses says that will cost 700,000 jobs. i don't want to cost jobs! my priority is jobs. and so what i do is i bring down the tax rates lower deductions and exemptions. the same idea behind bowles simpson, by the way. get the rates down, lower deductions and exemptions to create more jobs because there's nothing better for getting us to a balanced budget than having more people working earning more money paying more taxes. that's by far the most effective and efficient way to get this budget balanced. >> jim you may want to move on to another topic but i would just say this to the american people. if you believe we can cut taxes by $5 trillion and add $2 trillion in additional spending that the military is not asking for, $7 trillion just to give you a sense over ten years, that's more than our en
federal income tax federal payroll tax state income tax state sales tax state property tax, gasoline tax. it added up to well over 50% of what they earned. and your plan is to take the tax rate on successful sphauz small businesses from 35% to 40%. the national federation of independent businesses says that will cost 700,000 jobs. i don't want to cost jobs! my priority is jobs. and so what i do is i bring down the tax rates lower deductions and exemptions. the same idea behind bowles simpson,...
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Oct 2, 2012
10/12
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everybody would like a tax cut. who wouldn't want a tax cut, especially 20% across the board? if you're making 35%, the top rate, you go to 28%. all chris wallace was trying to get from ryan on sunday was just tell me what big deductions you're going to get rid of so we can finance that. it's the question. of course everybody wants a tax cut, but if it's not going to cause bigger deficits, tell us how you're going to do it, and they won't do it. they won't say we're going to get rid of charitable deductions, won't get rid of homeowner, state and local. that's where all the money is. it's not little doodads here. joan, you take this one. he won't tell us. same question comes up wednesday night, can romney dodgeball it? can he say i'm not telling you how i'm going to do the major thing i promised to do, get the economy going through a tax cut, but i'm not going to tell you how i'm going to do it. can he get away with it with even the -- >> i hope not. i think this is a moment for jim lehrer to be very tough, respectful tough, and for president obama to come back at him and to sa
everybody would like a tax cut. who wouldn't want a tax cut, especially 20% across the board? if you're making 35%, the top rate, you go to 28%. all chris wallace was trying to get from ryan on sunday was just tell me what big deductions you're going to get rid of so we can finance that. it's the question. of course everybody wants a tax cut, but if it's not going to cause bigger deficits, tell us how you're going to do it, and they won't do it. they won't say we're going to get rid of...
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Oct 4, 2012
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federal tax, state tax, state income tax, gasoline tax, it added up to well over 50% of what they earned. and your plan is to take the tax rate successful small businesses from 35% to 40%. that will cost jobs. my priority is jobs so what i do is bring down the tax rates, lower deductions and exemptions. create more jobs because there's nothing better for getting us to an balanced budget than having more people working, earning more money paying more taxes, that's by far the more efficient way to get this balanced. >> obama: jim, i would just say this to the american people if you believe we can cut taxes by $5 trillion and add $2 trillion in additional spending that the military is not asking for -- $7 trillion just to give you a sense over ten year's that's more than our entire defense budget and you think that by closing loop holes and deductions for the well to do somehow you will not end up picking up the tab, then governor romney's plan may work for you, but i think math common sense and our history shows us that's not a recipe for job growth. we have tried this -- we have tried bot
federal tax, state tax, state income tax, gasoline tax, it added up to well over 50% of what they earned. and your plan is to take the tax rate successful small businesses from 35% to 40%. that will cost jobs. my priority is jobs so what i do is bring down the tax rates, lower deductions and exemptions. create more jobs because there's nothing better for getting us to an balanced budget than having more people working, earning more money paying more taxes, that's by far the more efficient way...
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Oct 9, 2012
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separate taxes from parallel taxes. it was enacted to enoccur wealthy individuals work its way down the income chain. romney wants do away with it all together. obama could like to replace it. he would like to replace it it requires millionaires making over a million collars would be kiered to pay 30 percent in taxes. >> in a city like new york your stackses are going to go up and you will be paying 30 percent. >> if you make a physical boll lashes in new york you are considered making nothing. >> that is confusing. s is now 25 after the hour. president obama said they were an example of rebounding the economy. after making chevy volt batteries one plant is seeing anything but green. after supporting romney and ryan another celeb has a message for hollywood. >> quarter pounder, chicken? no? >> quarter pounder. look at this. look at this. quarter pounder. >> you know we all know campaign karl. he is on the pain with rit romney. mitt romney trying to convince romney to eat the burger. he is panning out burgers. lots of ph
separate taxes from parallel taxes. it was enacted to enoccur wealthy individuals work its way down the income chain. romney wants do away with it all together. obama could like to replace it. he would like to replace it it requires millionaires making over a million collars would be kiered to pay 30 percent in taxes. >> in a city like new york your stackses are going to go up and you will be paying 30 percent. >> if you make a physical boll lashes in new york you are considered...
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Oct 7, 2012
10/12
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the first 30 minutes of the debate spent on taxes. and this issue take up many times throughout the 90 minutes. welcome back to denver in the spin room. let's go now to charles krauthammer with his thoughts on the debate. >> i thought romney won by two touchdowns. you know? when a challenger steps up on the stage that gives stature, when performing the way romney did, i think changes things. it changes momentum. romney campaign is at a terrible month. to the extent people are saying who is this guy? all of a sudden thrk romney shows up. and he's knowledgeable, confident and he's got nerve. he never backed down on any of with obama, i thought he had a weak night. it looked as if he's sitting on a leaf. i can guarantee you had he been behind in the post he would have had it at 47%. the video damaged romney didn't come up. that is somebody thinks all he has to do is get up there, play out the 90 minutes, hold the ball, and win. but he lost. again, it's not going to change the election. but i think it does stop the romney slide. it is not
the first 30 minutes of the debate spent on taxes. and this issue take up many times throughout the 90 minutes. welcome back to denver in the spin room. let's go now to charles krauthammer with his thoughts on the debate. >> i thought romney won by two touchdowns. you know? when a challenger steps up on the stage that gives stature, when performing the way romney did, i think changes things. it changes momentum. romney campaign is at a terrible month. to the extent people are saying who...
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tax rate, they're taxed at a lower rate. the businesses in the last 3% of businesses happen to employ half -- half of all people that work in small business. they employ one-quarter of all workers in america, and you want to take their tax rate from 35% to 40%. i talked to a guy with a very small business, he's in the electronics business in st. louis. he has four employees. he said he and his son calculated how much they pay in taxes, federal income tax, federal payroll tax, state sales tax, state property tax, gasoline tax, it added up to well over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses says that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do, i bring down the tax rates, lower deductions and exemptions, the same idea by behind bowles-simpson, by the way, get the rates down, lower exemptions and create jobs. there's nothing better to get us to a balanced budget t
tax rate, they're taxed at a lower rate. the businesses in the last 3% of businesses happen to employ half -- half of all people that work in small business. they employ one-quarter of all workers in america, and you want to take their tax rate from 35% to 40%. i talked to a guy with a very small business, he's in the electronics business in st. louis. he has four employees. he said he and his son calculated how much they pay in taxes, federal income tax, federal payroll tax, state sales tax,...
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Oct 4, 2012
10/12
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my tax plan. number 2, i will not reduce the share of high-paid income individuals. i know it's a popular thing to say with a lot of people, but it is just not the case. vifive boys. i am used to people saying something that is not always true and keep repeating it and hoping i will believe it. but that is not the case. all right? i will not reduce the taxes paid by high-income americans. number 3, i will not under any circumstances raise taxes on middle-income families. i will lower taxes on middle-income families. you cite a study. six other studies look at the study you describe and say it's wrong. i saw a study that said today you are going to raise taxes $3- to $4,000 on middle-income families. throw the studies out there. the bottom line is, i want to bring the rates down, at the same time, lower deductions and exemptions and credits and so forth so we keep getting the revenue we need. you thinks, why lower the rates? and the reason is because small business pays that individualerate. 54% of
my tax plan. number 2, i will not reduce the share of high-paid income individuals. i know it's a popular thing to say with a lot of people, but it is just not the case. vifive boys. i am used to people saying something that is not always true and keep repeating it and hoping i will believe it. but that is not the case. all right? i will not reduce the taxes paid by high-income americans. number 3, i will not under any circumstances raise taxes on middle-income families. i will lower taxes on...
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Oct 5, 2012
10/12
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he talks about enron, using tax accountants and tax loopholes to make money and -- and... and mistreat employees. he said, it's not the equivalent of dogs and fire hoses, but i am not saying what enron executives did is the moral equivalent, but the folks at enron feel violated. he's making a racial interpretation of what was going on at the time. >> just to put it in context, it is speech was given at the university of chicago, on martin luther king day. i went to the university of chicago. as an undergrad. they have this event every martin luther king day, it's a frank discussion about race and politics. so to me, it wasn't surprising to see president obama -- or then senator obama speak frankly about race. >> greta: how does the obama team feel today? you were on a conference call today? >> i was on the obama campaign conference call after the debate last night. look, it seemed to me that it took them 12 hours to figure out what the spin was going to be. it was a clear, decisive loss. everyone watching the debate thought that president obama lost last night. the obama c
he talks about enron, using tax accountants and tax loopholes to make money and -- and... and mistreat employees. he said, it's not the equivalent of dogs and fire hoses, but i am not saying what enron executives did is the moral equivalent, but the folks at enron feel violated. he's making a racial interpretation of what was going on at the time. >> just to put it in context, it is speech was given at the university of chicago, on martin luther king day. i went to the university of...
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and rick santorum said in the fictitious land of obama ville romney fight santorum using moves like tax evasion and olympics savior santorum counters with sweater vest and a special move to claim coal herman cain joins the me like he unleashes his nine nine nine attack on romney romney counters with another round of tax evasion toward the end of the epic battle santorum even manages to give romney a dose of church and state. videos are no doubt are doing their due out in the series all leading up to the fine now a battle between royale between president obama and romney one can only wonder about the moves of the future character paul ryan had an austerity attack. on the rand roundhouse kick. you know the mainstream news media as a joke when even one of the most historic trusted influential political news programs. because in a corporate corruption what happened on meet the press this weekend i want can you do to stop the steady stream of misinformation that's korea out of your t.v. so you and i still eat it. you know. you think you understand it and then. you hear or see some other part
and rick santorum said in the fictitious land of obama ville romney fight santorum using moves like tax evasion and olympics savior santorum counters with sweater vest and a special move to claim coal herman cain joins the me like he unleashes his nine nine nine attack on romney romney counters with another round of tax evasion toward the end of the epic battle santorum even manages to give romney a dose of church and state. videos are no doubt are doing their due out in the series all leading...
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Oct 7, 2012
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>> they reported federal taxes, state and local taxes. it gives people a fairer picture. that year i happened to pay a lot of state and local taxes, which, as you know, are deducted from the other. i looked it up the other day, and we paid, i think it's 342% of our gross income in taxes. s >> we did a little looking around to see about his. we can't find his 1981 tax return. it may have been released. maybe my bonet knows whether he released it. we did find his income is $1.4 million, and i think he paid the same as i did in taxes. he also made a reference that troubled me very much. he started talking about my chauffeur. you know, i'm driven to work by the secret service. so is mrs. ferraro, so is mr. mondale's. they saved the life of the president of the united states. i thought that was a cheap shot telling the american people to try to divide class, rich and poor. but the big question, it isn't whether mrs. ferraro is doing well. i think they are depog pretty well. i know barbara and i are doing well. and it is darn sure mr. mondale is doing well with $1.4 million. bu
>> they reported federal taxes, state and local taxes. it gives people a fairer picture. that year i happened to pay a lot of state and local taxes, which, as you know, are deducted from the other. i looked it up the other day, and we paid, i think it's 342% of our gross income in taxes. s >> we did a little looking around to see about his. we can't find his 1981 tax return. it may have been released. maybe my bonet knows whether he released it. we did find his income is $1.4...
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Oct 2, 2012
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we had no tax increase over that food. -- four years. we lowered the tax on ford. the governors will tell you. spend more money here, spend more money there. and we held the line. in this campaign i have endorsed republican proposals to cut spending. the conservative senator from oklahoma. i am proposing to cut congress today. it simply isn't true to say that i haven't supported spending cuts, because i have done plenty of it in the past. >> thank you. senator fisher you have a 30- second rebuttal. >> this was a signature achievement for president bill clinton. it was a vote against cutting spending. you didn't cut spending then. i don't know if you will cut spending if you go back to the united states senate. i don't want to see taxes raised. that is not the future i see for this country. if we are going to truly cut spending, yes, i support a balanced budget amendment because politicians will spend every dime they get. we need a bigger stick. >> thank you. senator kerrey, your question for senator fisher. >> well, can i -- >> not according to the format. >> let m
we had no tax increase over that food. -- four years. we lowered the tax on ford. the governors will tell you. spend more money here, spend more money there. and we held the line. in this campaign i have endorsed republican proposals to cut spending. the conservative senator from oklahoma. i am proposing to cut congress today. it simply isn't true to say that i haven't supported spending cuts, because i have done plenty of it in the past. >> thank you. senator fisher you have a 30- second...
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Oct 2, 2012
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CNNW
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now, as for those specifics on taxes, i go back to the last time we successfully had major tax reform which was in 1986 with ronald reagan as president. he didn't come out with all the specifics. he worked with the congress behind the scenes, and they achieved meaningful tax reform because they kept those discussions private, they didn't draw public lines in the sand and therefore, they emerged successful. successful pattern to follow, ronald reagan's. on the other hand, you had the debt limit talks in 2011 where president obama in the middle of talks never, until this day, has gotten specific. we don't know if he offered to raise the medicare retirement age. we don't know how much he said he would cut medicare and enact entitlement reform. so he did the opposite. he went into a serious negotiation not as a candidate but as the president and never got specific. it's one of the reasons we never got a big debt limit deal. so i think mitt romney actually is following the reagan pattern. the question is who when it comes to real negotiation with congress will follow through and get it don
now, as for those specifics on taxes, i go back to the last time we successfully had major tax reform which was in 1986 with ronald reagan as president. he didn't come out with all the specifics. he worked with the congress behind the scenes, and they achieved meaningful tax reform because they kept those discussions private, they didn't draw public lines in the sand and therefore, they emerged successful. successful pattern to follow, ronald reagan's. on the other hand, you had the debt limit...
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Oct 4, 2012
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i want to keep taxes down on small business so we can create jobs. this is about good jobs for the american people. >>neil: he swings, slams, scores, way too early to say if the swing states swinging back to the challenger but after last night, the critics say they probably stopped swinging away. larry said the race ain't over but he also is saying for the challenger it is an uphill fight. what do you make of last night and how this changes the dynamics? >> everyone, obviously, just about everyone, from right to left, says that romney won the debate. i gave you a full "a" and i give the president a "c" minus. there was a giant difference between their performance. everyone who was fair was impressed with how romney handled that from going to end. obama was stunned by how well romney was performing. he seemed almost to take a step back and tune out. >>neil: do you think he came in to it is on the clock, the president, to your point he didn't expect this, and he saw little risk in taking on mitt romney and even if romney did well it would not move the
i want to keep taxes down on small business so we can create jobs. this is about good jobs for the american people. >>neil: he swings, slams, scores, way too early to say if the swing states swinging back to the challenger but after last night, the critics say they probably stopped swinging away. larry said the race ain't over but he also is saying for the challenger it is an uphill fight. what do you make of last night and how this changes the dynamics? >> everyone, obviously, just...
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president tried to get him on that on the $5 trillion tax cut thing. i'm not sure he effectively pinned him down on that though the obama campaign was spinning that they did. >> i think they made a mistake on that issue, the obama people did, by going with the $5 trillion. because that, you know, policy wonks can debate whether it amounts to $5 trillion or not. what they can't debate, it's a 20% tax reduction for the wealthiest americans. that is a plain irrefutable fact and if they used that, it would, first of all, explain more what this is, which is a tax cut for the wealthy which was one of several points the president wasn't able to actually convey in a clear way. and would also be, you know, be on dispute factually. >> and when a -- sorry, go ahead. >> no. >> when, paul ryan spoke at the republican convention, the first reaction was, wow, young, fresh guy, so handsome. and a positive response and later that night, the second breath response was wow, there were a lot of lies there. and the long-term story is that a told a lot of lies. and paul rya
president tried to get him on that on the $5 trillion tax cut thing. i'm not sure he effectively pinned him down on that though the obama campaign was spinning that they did. >> i think they made a mistake on that issue, the obama people did, by going with the $5 trillion. because that, you know, policy wonks can debate whether it amounts to $5 trillion or not. what they can't debate, it's a 20% tax reduction for the wealthiest americans. that is a plain irrefutable fact and if they used...